Walmart, Amazon Explore Stablecoin Launch to Cut Payment Fees

Major retail giants Walmart and Amazon are reportedly examining the creation of their own dollar-pegged stablecoins. According to a June 13 Wall Street Journal report, these companies are exploring how such stablecoins could streamline payment systems, significantly reduce transaction fees, and decrease reliance on traditional banking infrastructure. By issuing their own tokens, both firms could shift substantial volumes of daily transactions onto the blockchain, resulting in more efficient payments.